Merged: Continental and United Tie The Knot | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 10.19.17

Airborne 10.16.17

Airborne 10.17.17

Airborne 10.18.17

Airborne 10.19.17

Airborne 10.13.17

Airborne-Unmanned 10.17.17

Airborne-YouTube

AMA 10.19.17

Airborne 10.16.17

Airborne 10.17.17

Airborne 10.18.17

Airborne 10.19.17

Airborne 10.13.17

Airborne-Unmanned 10.17.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Mon, May 03, 2010

Merged: Continental and United Tie The Knot

Matchup Yields Biggest Airline In The Biz... and Possible Woes For Consumers

While most of us were trying to enjoy the weekend, the powers-that-be at United and Continental were reportedly cooking up a deal that was completed Sunday afternoon to merge the two companies to create the world's 'Largest' airline. The estimated $3.7 Billion dollar stock purchase would allow UAL to buy the entire stock of Continental in an all-stock transaction that is expected to close before the end of the year and will retain United's brand name. The combined value of the two companies is estimated at well over $8 Billion.

As we understand it, the announcement is likely to be made later today (Monday) and would install Continental Boss, Jeffery A. Smisek, as the head of the new company, while United’s chairman, Glenn F. Tilton, would be nonexecutive chairman for two years. Mr. Smisek will take of the role of executive chairman, thereafter.

The new entity's HQ remains in Chicago in UAL's current digs and will result in a fleet of some 700 aircraft and over 88,000 staffers. United shareholders allegedly will hold a 55% majority of the stock in the new venture. Simultaneously; like Eastern, PanAm and Braniff airlines before them, a once powerful airline brand will cease to be part of the aviation lexicon.

Industry analysts see the move as a probable win for UAL/Continental and a possible loss for the flying consumer who has had to put up with increasing fees, higher ticket prices and a significant decline in customer service and decorum... the combined merger provides little incentive for these airlines to make any inroads in matters of interest/importance to the flying public and history suggests that the merger will not result in positive benefits for same. Analysis of the impact on UAL and Continental staffing  remains mixed.

ANN will analyze the details expected to be made public throughout the day and furnish further updates as they become available.

FMI: www.united.com, www.continental.com, www.dot.gov
 

Advertisement

More News

RFP: ANN Seeking New Site/Facility For Major Studio Upgrade

It's Official: Aggressive Upgrades For New Airborne Programs WILL Require New Digs It's been in development for years, but we're getting to a point where we think we can pull off s>[...]

AMA Drone Report 10.12.17: NTSB--Drone v Blackhawk, City Drops Reg, DJI Privacy

Also: PassengerDrone, FAA Reauthorization Extension, UAS Pilot Certification, Workhorse Surefly The NTSB is now offering public details of the alleged collision between a hobby dro>[...]

Airborne-Unmanned 10.17.17: Eagles v Drones, DJI AeroScope, Drone Policy

Also: AeroVironment Award, Washington State Patrol, Altavian Nova UAS, Robotaxis The French Military is training four Golden Eagles to attack drones in flight as a way to defend ag>[...]

Airborne 10.18.17: Airbus C Series Deal, Red Bull!, Drone v Airline

Also: Glasair 2 And 3 Sold, Send Solutions, Blue Angels, SSBJ, D8 Airliner, Stage 5 Aircraft, Global Supertanker Airbus SE and Bombardier are to become partners on the C Series air>[...]

Airborne 10.17.17: Waco YMF-5F Flies!, SpaceX Streak, BBJs Rule

Also: Embraer, Aero-Calendar, AeroVironment, Sikorsky Heli's, EASA Singapore, FireFighting UAV, WestJet The amazing craftsman of the Waco Classic Aircraft operation in Michigan hav>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC